FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Expires: December 31, 2014 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person * Yao Junhong (Last) (First) (Middle) NO.175 WUCHANG AVENUE, YUHANG DISTRICT (Street) HANGZHOU 311100 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol DSC Holdings Ltd. [ DSC ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner X Officer (give title below) Other (specify below) Chief Executive Officer
	3. Date of Earliest Transaction (Month/Day/Year) 06/26/2026
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary shares	06/26/2026		J (1)		108,330,350	D	$ 0	0	I	Held by Binary Sky Limited
Class B ordinary shares	06/26/2026		J (1)		108,330,350	A	$ 0	108,330,350	I	Held by Binary Sky Limited
Class B ordinary shares	06/26/2026		C		1,139,559	A	$ 0	109,469,909	I	Held by Binary Sky Limited
Class B ordinary shares	06/26/2026		C		108,466,752	A	$ 0	108,466,752	I	Held by Cheche Group Limited
Class B ordinary shares	06/26/2026		C		96,088,171	A	$ 0	204,554,923	I	Held by Cheche Group Limited
Class B ordinary shares	06/26/2026		C		17,267,771	A	$ 0	221,822,694	I	Held by Cheche Group Limited
Ordinary shares	06/26/2026		J (2)		1,500,000	D	$ 0	0	I	Held by Crystal Gem Holdings Limited
Class A ordinary shares	06/26/2026		J (2)		1,500,000	A	$ 0	1,500,000	I	Held by Crystal Gem Holdings Limited
Class A ordinary shares	06/26/2026		C		44,094,200	A	$ 0	45,594,200	I	Held by Crystal Gem Holdings Limited
Class A ordinary shares	06/26/2026		C		43,635,180	A	$ 0	89,229,380	I	Held by Crystal Gem Holdings Limited

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series D-1 preferred shares	$ 0	06/26/2026		C			44,094,200	(3)	(3)	Class A ordinary shares	44,094,200	$ 0	0	I	Held by Crystal Gem Holdings Limited
Series E-1 preferred shares	$ 0	06/26/2026		C			108,466,752	(4)	(4)	Class B ordinary shares	108,466,752	$ 0	0	I	Held by Cheche Group Limited
Series E-2 preferred shares	$ 0	06/26/2026		C			96,088,171	(4)	(4)	Class B ordinary shares	96,088,171	$ 0	0	I	Held by Cheche Group Limited
Series E-2 preferred shares	$ 0	06/26/2026		C			43,635,180	(3)	(3)	Class A ordinary shares	43,635,180	$ 0	0	I	Held by Crystal Gem Holdings Limited
Series E-3 preferred shares	$ 0	06/26/2026		C			17,267,771	(4)	(4)	Class B ordinary shares	17,267,771	$ 0	0	I	Held by Cheche Group Limited
Series F preferred shares	$ 0	06/26/2026		C			1,139,559	(4)	(4)	Class B ordinary shares	1,139,559	$ 0	0	I	Held by Binary Sky Limited

Explanation of Responses:

1. Immediately prior to the completion of the Issuer's initial public offering, each ordinary share was redesignated as Class B ordinary shares on a one-for-one basis.

2. Immediately prior to the completion of the Issuer's initial public offering, each ordinary share was redesignated as Class A ordinary shares on a one-for-one basis.

3. Immediately prior to the completion of the Issuer's initial public offering, such Series D-1 and Series E-2 preferred shares were converted and redesignated as Class A ordinary shares.

4. Immediately prior to the completion of the Issuer's initial public offering, such Series E-1, Series E-2, Series E-3 and Series F preferred shares were converted and redesignated as Class B ordinary shares.

	/s/ Junhong Yao	06/29/2026
	** Signature of Reporting Person	Date
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